|
Greek Debt Concerns Weigh Down Markets
Posted on January 24, 2012 at 09:40 AM EST
Concerns that Greece may fail to finalize a debt deal weighed the markets down to a lower open with the Dow losing 44 points to 12,664. Nasdaq slipped 2 points to 2781. On the upside Clearwire (Nasdaq: CLWR) expects to report fourth quarter revenue ahead of analyst expectations. EMC (NYSE: EMC) reported record earnings and revenue for the fourth quarter.
Fourth quarter earnings surged for Polycom (Nasdaq: PLCM) to surpass analyst expectations by a wide margin. On the downside Analysts expect Nokia's (NYSE: NOK) earnings and sales to drop as the company's market share continues to shrink. InterDigital (Nasdaq: IDCC) will not sell itself and focus on monetizing its vast portfolio of patents.
Zions Bancorp (Nasdaq: ZION) reversed year ago losses to post a profit for the fourth quarter but the results missed expectations. In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 780.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. Markets are closed on certain holidays. Stock Market Holiday List By accessing this page, you agree to the following Privacy Policy and Terms and Conditions. Mortgage Rates, CD Rates & Home Equity Rates provided by Banks.com Press Release Service provided by PRConnect. Fundamental data supplied by Morningstar Stock quotes supplied by Telekurs USA Postage Rates Bots go here |
| ||||||
Display market data, financial news or stock quotes - Learn More
Advertise on FinancialContent's huge network - Learn More
Power your internet and wireless applications - Learn More
(888) 688-9880